$4,988 Closing Credit*
$420,000
2,050 SqFt
3 Beds
•2 Full Baths, 1 Partial
Jason L Baugh, Listing Office: Fathom Realty NC
Is 27524, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 27524 was a Seller's Market.
Key Takeaway
27524 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 27524, NC
How much do homes in 27524, NC cost?
Median Sold Price
$344,900
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+6.2%)
Key Takeaway
Homes in 27524 have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in 27524 was $344,900 in October 2024, up 6.2% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $227.5K | $177K | -22.2% |
| 3 Bedrooms | $314.9K | $333.7K | +6.0% |
| 4 Bedrooms | $408.9K | $464.9K | +13.7% |
| 5+ Bedrooms | $395K | $407.5K | +3.2% |
Summary: 27524 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 3.2%.
Housing Supply in 27524, NC
How many homes are available in 27524, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 77 | 74 | -3.9% |
Summary: The 27524 real estate market had 74 homes for sale in October 2024, a 3.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 46 | 45 | -2.2% |
| 4 Bedrooms | 25 | 22 | -12.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 27524 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 27524, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in 27524 in October 2024, down by 11.1% month-over-month. Of the 8 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for 27524, NC
How long does it take to sell a home in 27524, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 87 Days | 54 Days | -37.2% |
Summary: Homes in 27524 had an average of 54 days on market in Oct 2024, down by 37.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 27524 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in 27524; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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